Dawn News

Rupee, o/n rates end flat

The rupee has been supported by remittances, which rose 20.2 per cent to $10.88 billion in the first 10 months of the 2011/12 fiscal year.—File Photo

KARACHI: In the currency market on Friday, the rupee ended almost flat at 90.73/93 to the dollar, compared with Thursday’s close of 90.86/91.

The rupee has been supported by remittances, which rose 20.2 per cent to $10.88 billion in the first 10 months of the 2011/12 fiscal year, compared with $9.05 billion in the same period last year.

In April, remittances totalled $1.14 billion.

Overnight rates in the money market closed at 11.90 per cent, the same level as on Thursday.


Email feedback and queries to Dawn.com's editorial team, or visit our contact page

GET THE LATEST NEWS STRAIGHT TO YOUR INBOX


Comments (0) Closed